US retail sales rebound less than expected in Feburary. The 0.2% rise last month marks a modest recovery from January’s steep decline. “Not a great report, but one still in positive territory despite how pessimistic consumers are about the future,” said Robert Frick, corporate economist at Navy Federal Credit Union. “But the main factor in consumer spending is consumer income, and that’s growing at a good rate and had an impressive leap in January.”
